Wynwood Plaza Refinancing Secures $335M Loan

Financing Signals Investor Confidence

Bloomberg reports that Blue Owl Capital has provided a $335M floating-rate refinancing for Wynwood Plaza. The property is a newly completed 1M SF mixed-use development in Miami. The loan will retire the project’s original construction financing and cover additional leasing costs for both offices and residential units.

Amazon and High-Profile Tenants Drive Demand

Wynwood Plaza, developed by L&L Holding Co. and Oak Row Equities, features 509 apartments, offices, and retail space. Amazon signed a district-leading office lease at the project. That transaction marked the largest office lease in Wynwood’s history, further cementing the neighborhood’s emergence as a serious office submarket in Miami. Other notable tenants, including Claure Group and Weitz & Luxenberg, further underscore strong demand for high-quality space in the area.

Wynwood’s Transformation Continues

The district, once known for warehouses and murals, has seen an influx of investment as tech firms and other tenants move in. New-to-market office rents are being achieved at Wynwood Plaza, setting pricing records for the neighborhood.